We are watching the video and answering questions!
The Crash of 1929
Video Questions
1. What is pooling?
People would but stocks and keep them until the prices went up. Then when the prices went up they sold them before they went back down. The rich guys buy them for cheap then sell them for WAY more to the average joe. Buying stuff on Margin basically.
2. What was the Federal Reserve Board’s take on the booming stock market?
The distrusted it and thought it was dangerous and wreckless cause it was based on borrowed money.
3. What did the Federal Reserve Board do to prevent the crash?
They didnt do anything at first, then later they rose intrest rates.
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
Charlie provided money and allowed people to borrow the money from this bank.
5. What were the causes of the stick market crash based on the video?
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